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20121121
20121129
Search Results 0 to 6 of about 7 (some duplicates have been removed)
for decades to invest. government officials have discounted corporate taxes and offered up land at cheap prices. >> translator: political tensions do exist but economically our relationship with japan is very tight. >> reporter: managers of japanese firms jumped at the south koreans offer. last year investment added up to 22 million u.s. dollars. because the original estate ran out of space with an increasing number of japanese companies moving in. the five companies residing here now are all japanese. some who work in high-tech saw a chance to be closer to their clients including samsung and hyundai. one manufacturer opened a factory ten kilometers away from their client, lg. >> translator: clients technical demands are getting tougher. we knew we had to be closer to them. >> reporter: managers at both companies work together to smooth out the production process. they discovered and fixed a glitch in one production line. the change kus costs for both sides. they say they could have only made such progress by working face-to-face. >> translator: now the japanese companies can supply us w
it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight mont
avoided a $2-million-year-old tax based on farmers' harvest. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consultation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats, and so public anger with the government is snarling. migrant workers in cities and students looking for work are among those who are upset. hu also faced dissatisfaction, ethnic minorities and redevelopment. riots erupted in 2008 and in 2009. on the international front, china and hu used the remarkable economic growth to boost its influence. the country hosted the beijing olympics in 2008 and the shanghai expo in 2010. years of economic growth paid off that same year. china surpassed japan in gross domestic product to become the world's second largest economy behind the u.s. the chinese government, with its growing leader, started to flex its muscles in the region. it wrangled with asian nations ove
for simultaneous tax hikes and spending cuts in the united states known as the fiscal cliff. the analysts expect the eurozone will contract again in 2013 and they say the region's gross domestic product will shrink by 1/10th of a percent and predicted positive growth of 0.9% in the previous report six months ago. they lowered the growth expectation for the united states economy from 2.6% to 2%. they pointed to a sluggish recovery. the document warns the fiscal cliff would not only deal a heavy blow to the u.s. but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's against a base value of 100 set in 1985. they say that the christmas shopping season started smoot
Search Results 0 to 6 of about 7 (some duplicates have been removed)